| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| MERITAIN HEALTH3 | 225 TOWNPARK DRIVE, STE 350 LINTHICUM, MD 21090 | MERITAIN HEALTH | $0 | $138K | $138K | 39.51% |
| RAKESH BANSAL3 Filed as: RAKESH R BANSAL | 10 HORSESHOE COUT MONROE TOWNSHIP, NJ 08831 | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | $22K | — | $22K | 8.98% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| NEW YORK LIFE INSURANCE CO. EIN 13-5582869 NONE | Insurance agents and brokers Service code 22 | 100 OVERLOOK CENTER, 2ND FLOOR PRINCETON, NJ 08540 | $0 |
Benefits declared on the Form 5500 main form (✓ = also has a Schedule A insurance contract; otherwise the benefit is funded out of plan assets or via a Schedule C TPA).
The plan reports several different headcounts depending on which form you read. Each one measures a different slice of the population.
| Active participants | 268 | Currently employed and enrolled or eligible. |
| Retired/separated still receiving benefits | 0 | Continuation coverage (COBRA, retiree health). |
| Retired/separated still eligible | 0 | Vested but not currently using benefits. |
| Total participants (= "Plan participants" tile) | 268 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical) | MERITAIN HEALTH | 217 | $350K |
| Dental | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 268 | $242K |
| Vision | MERITAIN HEALTH | 217 | $350K |
| Life insurance | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 268 | $242K |
| Short-term disability | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 268 | $242K |
| Long-term disability | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 268 | $242K |
| Other | THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA | 268 | $242K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 268 | — |
Why the numbers differ. Form 5500 line 6 counts employees + retirees + beneficiaries; no dependents. Schedule A persons-covered counts everyone enrolled, including spouses and children, so it usually exceeds line 6 by 30-60% on a working-age workforce. The medical row is normally the broadest single line because it has the highest take-up; dental/vision/life often dip below it. Stop-loss / reinsurance contracts sometimes report the carrier's full underwriting pool rather than this filer's headcount; the row is shown for transparency but shouldn't be read as "people in this plan."
Total premium grew more than 20% over prior year. Renewal pain — prime candidate for re-shopping the carriers.
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.